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Speilberg Wants Dreamworks Back, Waves Bye Bye to Paramount!

Posted by Mehar Gill on June 10, 2008 
Filed Under: Blu-ray, DreamWorks, Format War, Paramount, Studios



News from IMDB today is that Steven Spielberg is wanting his old movie studio Dreamworks back to make it independent again. He is apparently trying to raise $1 billion to buy back the company from Paramount who bought it in 2006.

Spielberg later announced he will be terminating his contract with Paramount at the end of 2008. Spielberg did not reveal who he would want to distribute Dreamworks film’s assuming they become independent again, however various source’s are indicating Spielberg is leaning towards Universal Studios. Other sources indicate that Disney and Fox may also produce counter offers for distribution rights at a later time.

Paramount must have really done something to piss Spielberg off he is going to terminate his contract early and buy back his studio, I think it might have something to do with Indiana Jones 4. Out of the 3 studio’s in the running I would have Universal receive the rights over Disney and Fox. I mean who would want to see a Hanna Montana music video for the Blu-ray release of Kung Fu Panda?

How do you guys think this will waver into future Blu Ray/HD releases for Dreamworks’ catalogue and what affect do you think this will make on the “next” format war? This is serious news, it could cause bad blood between Paramount and who ever pick’s of Spielberg and his assets, I mean Spielberg and Dreamworks practically paid for Paramount’s bread this quarter.

Related posts:

  1. Universal Drops DreamWorks
  2. Paramount Jumps Over The Hedge To HD DVD Exclusivity
  3. DreamWorks Debuts Lossless Audio with Blades of Glory Blu-ray Disc Release
  4. “Blue-Ray Tech.” Responds Strongly to Paramount/HD DVD Deal
  5. Studio Heads Target $1 Billion for Blu-ray

Comments

6 Responses to “Speilberg Wants Dreamworks Back, Waves Bye Bye to Paramount!”

  1. Justin Sluss on June 10th, 2008 9:50 pm

    Well that kind of sucks… guess I’ll have to re-establish PR with DreamWorks if this turns out to be true and/or happen soon… Also wouldn’t this effect the release of “Transformers” on Blu-ray if it were true? It is afterall a DreamWorks (not Paramount) title…

  2. Justin Sluss on June 10th, 2008 9:52 pm

    In regards to Hannah Montana music videos on “Kung Fu Panda” on Blu-ray… dude that movie is already out for starters, second I dunno if you noticed but that type of crap is already coming to Blu-ray… Scheduled for release later this year are Hannah Montana and “Camp Rock” Blu-ray releases from Disney of their “hit” Disney Channel spinoffs… The last one we had the displeasure of seeing was “High School Musical 2″ *** GAG ***

  3. Beta-guy on June 11th, 2008 3:41 am

    @Mehar Gill, I’m going to have to disagree, you said “Paramount must have really done something to piss Spielberg off he is going to terminate his contract early and buy back his studio, I think it might have something to do with Indiana Jones 4.” I think it’s closer to this http://www.slashfilm.com/2007/08/21/michael-bay-and-steven-spielberg-upset-over-paramounthd-dvd-deal/ maybe he didn’t like seeing his studio sell out to a format because Toshiba threw money at them… I could be wrong just a thought…

    http://www.newser.com/story/7916.html

    http://www.newser.com/story/11194.html

    http://www.imdb.com/news/sb/2007-09-19/

  4. Mehar Gill on June 11th, 2008 7:25 am

    @Justin Sluss

    I guess you didn’t get the joke, Disney has a very bad habit of letting their “stars” re dub music on their collector’s edition DVD releases. I don’t know if they redo it in the actual movie itself but everything else is flooded with them.

  5. Mehar Gill on June 12th, 2008 4:24 pm

    Beta Guy: During the filming for Indy 4 I believe Spielberg had said he did not want much CGI in the film, I assume to keep with the flow of the old films. Of course the final version of the film as a ton of CGI in it, so maybe Paramount decided to step in and increase the CGI in the film, this could have pissed off Spielberg.

  6. thomas p vinelli on June 28th, 2008 3:39 am

    where’s lucas on this issue,he has a stake in the film to if it has to do with indy4.
    anyways the film didn’t do what it was suppose to do for the ”fans”.
    in a survey of the films out so far indy4 ranks 20th,ironman no.1.
    in the eyes of the fans the story in this film failed…who fault is that…not paramount.

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